Term Conversion definition

Term Conversion means satisfaction or waiver of the conditions set forth in Section 4.04, causing conversion of the Construction Loans and Vista Expansion Loans to Term Loans as set forth in Section 2.04. “Term Convert” is the verb form of “Term Conversion”.

Term Conversion means the conversion of the Construction Loans into Term Loans on the Term Conversion Date.

Term Conversion means the satisfaction (or waiver by Administrative Agent (with the consent of the Required Lenders)) of the conditions set forth in Section 3.5. The terms “Term Convert” and “Term Converted” have correlative meanings.

Examples of Term Conversion in a sentence

• On the Term Conversion Date, the Borrower may request a Term Conversion Date Drawing, subject solely to the conditions set forth in Section 7.2(a), Section 7.2(g) (subject to the requirements of Section 2.1(d)(ii)), and Section 7.6.

• No Default or Event of Default has occurred and is continuing on such date or will result from the consummation of the transactions contemplated by the Credit Agreement Transaction Documents, including the occurrence of the Term Conversion Date.

• The failure to achieve the Term Conversion Date by the Date Certain.

• The Administrative Agent shall have received, at least ten (10) Business Days prior to the proposed Term Conversion Date, the Borrower’s reasonably detailed calculations of the amount of the proposed withdrawals and the payments and transfers to be applied pursuant to Section 3.1(b)(ii) and 3.2(b)(xi) of the 128 KE 103372065 Depositary Agreement, in each case, in form and substance reasonably satisfactory to Administrative Agent, acting in consultation with the Independent Engineer.

• CONDITIONS PRECEDENT 64 7.1. Conditions to Closing Date and Initial Credit Agreement Advance 64 7.2. Conditions to Construction/Term Loans 72 7.3. Conditions to Revolving Loans and Revolving LCs 73 7.4. Conditions to Each Senior Loan Borrowing and Issuance of Revolving LCs 74 7.5. Conditions to Term Conversion Date Drawing 75 7.6. Conditions to Term Conversion Date 75 8.

More Definitions of Term Conversion

Term Conversion means the conversion of the construction loan for the Project (as defined in the Credit Agreement) into a term loan pursuant to the Credit Agreement.

Term Conversion has the meaning set forth in Appendix B.

Term Conversion means satisfaction or waiver in writing of the conditions set forth in Section 3.3 of the Credit Agreement causing the automatic conversion of the Construction Loans to Term Loans.

Term Conversion satisfaction or waiver in writing (in accordance with Section 10.3) of the conditions set forth in Section 4.8.

Term Conversion has the meaning assigned to such term in the Credit Agreement.

Term Conversion has the meaning given in Section 2.1.2.1 of the Credit Agreement.

Term Conversion is defined in Section 2.1.1.